Is Central Scottsdale, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Central Scottsdale has remained a Seller's Market.
Housing Prices in Central Scottsdale, AZ
How much do homes in Central Scottsdale, AZ cost?
Median Sold Price
$835,571
$402/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Central Scottsdale was $835,571 in April 2024, up 4.6% from last year, and the median price per square foot was $402.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $288.2K | $290K | +0.6% |
2 Bedrooms | $485K | $483.2K | -0.4% |
3 Bedrooms | $767.8K | $799.9K | +4.2% |
4 Bedrooms | $1.2M | $1.2M | 0.2% |
5+ Bedrooms | $1.8M | $1.9M | +9.9% |
Summary: Central Scottsdale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 9.9%.
Housing Supply in Central Scottsdale, AZ
How many homes are available in Central Scottsdale, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
724 | 777 | +7.3% |
Summary: The Central Scottsdale real estate market had 777 homes for sale in April 2024, a 7.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 26 | +18.2% |
2 Bedrooms | 203 | 217 | +6.9% |
3 Bedrooms | 253 | 263 | +4.0% |
4 Bedrooms | 150 | 171 | +14.0% |
5+ Bedrooms | 96 | 100 | +4.2% |
Summary: The Central Scottsdale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 4.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
155 | 177 | +14.2% |
Asking Price vs. Sold Price
133 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 177 homes were sold or pending in Central Scottsdale in April 2024, up by 14.2% month-over-month. Of the 177 sold homes, 75% were sold under asking, 18% were sold at asking, and 7% were sold over asking.
Days on Market for Central Scottsdale, AZ
How long does it take to sell a home in Central Scottsdale, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 60 Days | -0.3% |
Summary: Homes in Central Scottsdale had an average of 60 days on market in Apr 2024, down by 0.3% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
76 Homes Were Sold
In 30 - 90 Days
38 Homes Were Sold
Over 90 Days
Summary: During April 2024, 177 homes were sold in Central Scottsdale; 36% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.